Under any lending, prime and non-prime, some loans will default
First, you must know the customer. This really is a real challenge for regulators. First, many regulators is prime people. Hence, their very own activities is definately not just just what subprime customers deal with on a basis that is daily. Also they were dealing with Y2K if they were subprime early on in their personal lives, the world is different from 20 years ago—radically so, as the power of my phone today exceeds the regulator’s desktop when. Read more